CORELOGIC NOVEMBER HOME VALUE INDICES: DWELLING VALUES RISE ACROSS EVERY CAPITAL CITY AND REST-OF-STATE REGION
Australia’s housing market continued along a recovery trend through November. CoreLogic’s national index recorded a second consecutive monthly rise in November, with dwelling values up 0.8% over the month. The new recovery trend follows a 2.1% drop in Australian home values between April and September. According to CoreLogic’s Head of Research, Tim Lawless, if the current growth trend persists, we are likely to see CoreLogic’s national home value index surpass pre-COVID levels in early 2021.